Now when online world safety has become one of the highest concerns in the past few years, boosting cyber security has also turned out to be a major priority among the small as well as big business ventures. And despite knowing that how intense the attacks can be, the tech geeks still believe that there are enough ways to combat the plight. Especially, when we already have an excellent and impermeable technology on board, namely blockchain, protecting the important data from cyberattacks and perking up cybersecurity in the manner is no more a Herculean task. This blog post is going to cite how effective blockchain can be in checking data breaches.
Yes, blockchain can spruce up online security in more than one way, making sure that data cannot be mutilated, snipped or lost
- Blockchain, with its inexorable technology, makes it really hard for the hackers to break into networks and get all the data in a single fount to damage. With blockchain in use, once a record is on the archive, it becomes more than difficult to remove the data without nullifying the signature. The fact that every authentic transaction is endorsed by several nodes on the network demands the hacker to hack all the records simultaneously which is quite impossible.
- Yes, depending on the users’ call, blockchain can be public or private. While public blockchain enables anonymity, private blockchain gives ways to restricted access for specific users. Nevertheless, people in the loop of private blockchain have to confirm their identity to acquire access privileges.
- Blockchain gives you the liberty to crosscheck whether there’s been any altercation in the data. Due to its distributed nature, one can check out file signatures across all the archives in the network. A single change in the record will mark the signature as invalid, thereby ensuring reliable as well as steadfast data verification.
- Data uploaded to a cloud server or stored in a single location is always likely to be vulnerable and open to multiple threats. And, giving this bent a strong repartee, blockchain happens to break every data into small hunks and dispenses the same across the entire network. As a digital ledger of transaction, it doesn’t have a central control point and thus, each node ends up having a complete copy of the ledger. Therefore, quite a few nodes going down will not make you experience data breaches. Again, there is just no need to involve a third-party to run a transaction, as a decentralized ledger will always be there to be your best cohort in this regard.
However, blockchain comes with certain limitations as well. The size of the network happens to play a vital role here. In case, your data is not properly distributed, it gets more susceptible to attack. Based on the way it works, the demands for network bandwidth need to be considered anyways. A relatively new technology, as it is, blockchain may not give all the security solutions altogether; but, then we just cannot deny its great impact on the world of data security.